Pay as You Save schemes in the US are provided by utility companies, who enable you to repay the capital cost of retrofit works through a charge on your energy bill that is less than the estimated savings assoicated with the retrofit..
From 2022-2021, 23 utility companies across 10 states have invested more than $50 million in building efficiency and electrification upgrades in nearly 6,000 locations with more than $170 million committed for similar uses over the next three years.
Research analysing data from companies using these schemes has found:
• Large market potential given minimal barriers to eligibility. For many of these schemes, the only requirement is to be a customer.
• High acceptance rates of up to 90% where the offer includes no upfront participant contribution.
• Willingness of both companies and customers to undertake larger projects to achieve deeper savings.
• High-cost recovery rates of 99.9% with no companies reporting disconnection for nonpayment.
